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Electronics firms diversify overseas, diluting China’s factory role
Boston Consulting Group data show the share of electronics manufacturers with overseas production rose to 56.0% since 2017, up from 12.0%.
The global electronics industry is undergoing a structural shift, moving away from China’s long-held position as the dominant manufacturing base, according to SCMP Economy.
The outlet cites Boston Consulting Group findings that since 2017, the portion of electronics manufacturers from China, including Taiwan, Hong Kong and the mainland, with overseas production has increased to 56.0% from 12.0%.
SCMP Economy says the BCG analysis covered 942 publicly traded electronics companies with annual revenues above US$500 million, including 314 headquartered in China.
While China’s supplier and manufacturing concentration is becoming more diluted, SCMP Economy notes it would be a mistake to interpret the change as a decline in Chinese electronics manufacturing.